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Delegated Underwriting Authority Leader

2 months ago


London, Greater London, United Kingdom G MASS Full time

Job Summary

We are seeking a highly skilled DUA Operations Manager to join our team at G MASS. As a key member of our Delegated Operations management team, you will play a crucial role in managing the due diligence process and administration of all classes of business.

Key Responsibilities

  • Manage the due diligence process and administration of all classes of business, including new Coverholder sponsorship, annual due diligence review and approval.
  • Liaise and provide guidance to underwriters, transversal functions, and stakeholders.
  • Assist in implementing regulatory directives and oversee internal/external business associated forums and actions.
  • Manage outsourcing arrangements and monthly performance against SLAs.
  • Review third-party audit recommendations and resolve identified actions.
  • Ensure data quality meets standards and rectify gaps identified.
  • Oversight of income review results and reporting requirements of the credit control function.
  • Manage and support Delegated Authority team members as required.
  • Identify opportunities for improvements in cost savings and efficiency across processes.
  • Generate and develop reporting requirements (internal/external) to support regulatory and non-regulatory returns.
  • Ensure delegated systems, including Vipr and the HUB, remain fit for purpose.

Requirements

  • 1-2+ years of Delegated Underwriting Authority experience.
  • Sound knowledge of FSA and Lloyd's and major foreign regulatory requirements.
  • Thorough knowledge of Lloyd's Minimum Standards for Delegated Underwriting, Conduct Risk, and Third-Party agreements, including Binding Authority Agreements.
  • The ability to build and implement processes.
  • Good oral and written communication skills.

What We Offer

Initial contract until the end of the year with the expectation to be taken on permanently.